Capital raising and retail trading boosts NZX profit

Thu, 13 Aug 2020

A surge of new investors and a string of new capital raisings during New Zealand's extended covid-19 lockdown helped lift NZX’s first-half profit by 41 percent. Total operating earnings for the half-year ended June were up 21.5 percent at $17.6 million, putting the stock exchange operator on track to outperform its full year guidance of $30 million to $33.5 million. The company will pay an interim dividend of 3 cents per share. The national lockdown through late March to early June resulted in a dramatic reduction in demand for goods and...

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